Newspaper Revenue Falls at Its Slowest Pace in 6 Years
The newspaper industry's revenue declined at its slowest pace in six years, as publishers turned to new businesses and raised more money from online subscriptions.
The newspaper industry's revenue declined at its slowest pace in six years, as publishers turned to new businesses and raised more money from online subscriptions.
Markets around the world are lower today after a run on bank deposits in Cyprus over the weekend. That followed a decision by euro-zone officials to tax depositors to help pay for a national bailout. There's concern that the new bank crisis could spread to Italy, Spain and beyond.
For anybody who has followed the news over the past few years (probably on a computer), the long-awaited demise of newspapers shouldn't come as much of a surprise. But on Wednesday, the bell tolled once again for the printed word when the University of Southern California's Annenberg Center for the Digital Future offered a prophecy: Within five years, only four major daily papers will continue in print form.
Is the American recovery fast or slow? Depends on who you ask. The Wall Street Journal sees corporate America merrily rolling along while Main Street suffers. The New York Times warns that Wall Street is about to feel the pinch too. But nobody is all that optimistic about Greece today.
CEO bonuses rose 30.5% in the past year, but are the heads of large U.S. firms really earning their hefty compensation packages by creating increased profits and shareholder value? A closer look reveals wide disparities: There are some Bargain CEOs, but also some Hogs and Value Destroyers.
Wondering how much it will cost to read stories on The New York Times's website once the newspaper sets up its long-anticipated pay wall? While a final price hasn't been set yet, unidentified sources told Bloomberg News that it'll come to less than $20 per month.
The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-out banks -- up from 86 in the second quarter -- now at risk.
Amazon.com says it will pay more for newspapers and magazines on its Kindle e-book reader. It will now pay publishers 70% of retail price, up from paying about one-third of the retail fee for The Wall Street Journal last December. Will more content help Kindle compete with the iPad?
Billionaire financier George Soros is spending $1 million to support a California proposition that would legalize marijuana for recreational use. In a opinion piece in The Wall Street Journal, he wrote that the measure would be "a major step forward."
Starbucks is launching a new digital network Wednesday that it says will give customers access to free e-books, movies and access to some paid news sites. The move is meant to attract customers and customer loyalty, and also to provide Starbucks with a new revenue stream.
Why is John Tesh, the multitalented composer, lifestyle guru and former host of "Entertainment Tonight," using copyrighted content to fill his advice blog? We'd ask him ourselves if he weren't so damned popular.
If you have any doubt that The Wall Street Journal is fast becoming steeped in the corporate culture of Rupert Murdoch's News Corp., check these quotations. Like Fox News, it declares victory (prematurely) and expresses contempt for rivals.
Arianna Huffington likes to blast "the media" for getting distracted by silliness like the Balloon Boy story. But no one's more distracted, or distracting, than her own Huffington Post.









